June 2021 Market Update

Posted by Jamie Decker on Tuesday, August 10, 2021 at 4:40 AM By Jamie Decker / August 10, 2021 Comment

HERE'S YOUR NORTHERN ILLINOIS JUNE 2021 MARKET UPDATE

McHenry County: We saw a 37% increase in homes sold month over month, and a 29% increase compared to June of last year.

Lake County: We saw about a 23% increase in homes sold month over month, and a 59% increase compared to June of last year.

Cook County: We saw about a 13% increase in homes sold month over month, and a 64% increase compared to June of last year.

Across all counties, we are seeing an increase in new listings. However, months supply is not necessarily tracking. While it is also on the rise, it is increasing at a slower rate. This tells us that although we are getting more inventory overall, it is still getting scooped up by buyers, just likely at a somewhat slower pace. Sellers, you'll want to take advantage of this market while things remain hot. And buyers, more inventory means more options for you - so happy house hunting!

If you have any questions about buying or selling today, just let me know.